Permanent differentials in resource prices will cause
a. all of the following
b. the allocation of fewer resources to lower-paid uses
c. the equalization of payments for the same resource in different uses
d. no change in the allocation of resources
e. the allocation of more resources to higher-paid uses
D
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Technological advances generally result in
A) increased average number of hours worked per day. B) increased infant mortality rates. C) decreased incomes. D) increased life expectancy.
__________ account(s) for the largest portion of public health expenditure in the United States.
A. Children's hospitals B. Universal health coverage C. Medicaid D. Medicare
Developing countries must confront industrial countries' trade restrictions, such as tariffs and quotas
a. True b. False
If the supply curve decreases while the demand curve remains unchanged, the equilibrium price would increase
a. True b. False Indicate whether the statement is true or false